Titan Medical Signs License Agreement With Mayo Clinic

Titan Medical Inc. (CVE:TMD) and the Mayo Clinic have signed an agreement to license know-how and certain technology to improve the use of the Sport surgical system in colorectal surgical procedures.
According to the press release:

Under the terms of the agreement, Mayo Clinic will transfer know-how and technology developed by Dr. David Larson, MD, chair, colorectal surgery, at Mayo Clinic, including that developed through his participation in cadaver studies with Titan’s Sport surgical system.
John Hargrove, chairman and chief executive officer of Titan Medical, commented, “We are very excited to further develop procedures, know-how and instruments for colorectal surgery as we move even closer to the commercialization of the Sport surgical system.”

Click here to read the full press release.